Research and analysis

Revisiting the elasticity based framework: re-estimating growth and fare elasticities

Report about a study undertaken to re-estimate the background growth and elasticities used in rail passenger demand forecasting.

Documents

Revisiting the elasticity based framework: rail trends report

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How can a quality of service index be created? Service quality report

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What are the key issues for model specification? Model specification report

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How has the market for rail passenger demand been segmented? Market segmentation report

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How should the revised elasticitybased framework be implemented? Guidance report

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What are the findings from the econometric analysis? Findings report

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How has the preferred econometric model been derived? Econometric approach report

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Is the data capable of meeting the study objectives? Data capability report

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Details

In October 2008, Arup and Oxera were appointed by the Department for Transport to undertake the study, ‘Rail passenger demand forecasting: revisiting the elasticity-based framework’. The objective of this study is to re-estimate the background growth (economic, socio-demographic and land-use, and intermodal competition) and fare elasticities used in passenger demand forecasting.

Published 11 April 2012